AndeWave

AndeWave

A correction is forming on the uptrend, which forms a "bull flag" pattern. Resistance is broken 1) The trend is bullish 2) The price makes a false-break and regains above the 1908 level 3) A "bull flag" pattern is formed and its resistance breakdown forms a buy signal 4) It opens a potential for growth towards 1929. I expect a pullback to 1908 and consolidation...

AndeWave

Gold forms a pullback. The price confirms the range boundaries - resistance 1921 and support 1903. At the moment the price is in the consolidation phase. 1) Gold is in the bull trend 2) No evident preconditions for local movement 3) The price can stay between 1921 and 1903 for some time. 4) We monitor the situation. The price has made a false-break through the...

AndeWave

Gold enters a consolidation phase with a possible correction to lower zones 1) A reversal pattern forms. 2) Consolidation around 1908, a break-down will send the price to 1900 3) The price breaks through the trend lines (black lines) 4) At the moment (high risk), the potential for price decline to the 1894-1905 liquidity zone is open 5) The trend remains bullish,...

AndeWave

Gold stops at 1921 after a strong rise. From 1800 the price has gone 7% in two weeks, which is a steep result 1) The price is testing the level of 1911, and if the price stays under it, it will go to 1890. 2) The trend is still bullish 3) I assume that after the strong growth the price will move to the consolidation phase. 4) The price is waiting for correction....

AndeWave

Gold forms a preliminary reversal pattern. Price comes back to retest the strong resistance of 1920 1) Head & Shoulders pattern is formed. 2) If the price rebounds under 1920, a strong correction may start. 3) But in case the price breaks through 1920 upwards, it will go to 1929, 1940 or higher. 4) The price is in the long zone, if you are going to sell, then...

AndeWave

Gold forms a technical pullback on Monday. The price is testing the key level of 1911. 1) The price makes a false-break of the last day high 2) The price rebounds to the 1911 level 3) The 1911 level will decide the key 4) If the price consolidates above the level of 1911, gold will continue to rise 5) Consolidation below 1911 could take the price down to 1900.1890

AndeWave

Gold is breaking through again. What to expect from the coming week? 1) The price entered a new global range of 1911-1981. 2) Friday's bar closed above support. 3) Friday's bar closed at its highs, which can be interpreted as "growth will continue 4) Fundamental factors are in favor of gold at the moment 5) If the price fixes above the level of 1911, this will...

AndeWave

Gold is testing the 1908 resistance with a false breakout. Looking for a pullback 1) The price tests the resistance and makes a false-break. Statistically, strong movements occur after false-breaks. 2) The price has been trading in a strong uptrend for a long time, the technical pullback is coming. 3) I assume that after the false-breakout the price can roll back...

AndeWave

Gold exits the 1870-1890 consolidation after a three-day consolidation, which is what I was actually talking about yesterday 1) The price enters a new range of 1911 (resistance not tested) - 1890) 2) The trend is bullish (strong). 3) The likelihood of a strong move on Friday is slim. We may see a test of 1911 resistance and a pullback to support. 4) Price is...

AndeWave

Gold breaks through resistance and consolidates 1) False breakout of resistance collected orders of the buyers who traded the breakout and stoplosses of those who sold 2) False breakout of support in the same way, but from below 3) The price has already broken through the resistance and is consolidating. 4) There is a strong liquidity zone below the 1879 zone,...

AndeWave

The gold gains energy and tries to close the lid. At some point this whole structure will shoot out 1) The trend remains bullish. 2) Yesterday's bar closed below the opening, but within a narrow consolidation this is normal 3) Price confirms support, but the consolidation resistance of 1890 has not yet been tested 4) An attempt to test the resistance can end up...

AndeWave

Gold is running the script. Price breaks triangle resistance and goes beyond the 1881.5 level 1) Consolidation forms above the 1881 level. 2) Price is preparing to rise towards 1894. 3) The market is bullish, the liquidity zone is forming, our 1881 4) Below the level of 1881 the price is not accepted, consequently, it is worth being oriented to purchases 5) In...

AndeWave

Gold, after a strong momentum, moves to a slower pitch and consolidates in a narrow range of 1890-1870. 1) Gold shifts to a lower volatility format (consolidation) 2) The narrow 1890-1870 range can keep the price inside for a long time 3) The trend is bullish and selling is out of the question for the moment 4) We wait for the level of 1890 and the daily...

AndeWave

Gold forms a small pullback from the Gartley pattern and moves into a triangle formation. Flying to the moon? 1) The pullback after the Gartley pattern formation sent the price to the 1866 area, where the price found support 2) It formed a triangle on the uptrend. 3) Breaking through the resistance of the triangle sends the price to 1894. 4) The trend is...

AndeWave

Gold still points to a possible continuation of the rise 1) Yesterday's daily candlestick closes above the 1869.75 level. Signal for continued upside 2) The next target is resistance at 1890, but in the long run, the global liquidity zone at 1930. 3) The accumulated energy in the strongest consolidation since mid-December is spilling out. The growth may continue...

AndeWave

Gold moves out of the channel upwards. Gold breaks resistance at 1876 and the price breaks through to 1890. 1) The price breaks the resistance of the ascending channel - a signal for acceleration of growth. 2) On the smaller timeframe the price consolidates above the 1876 level. 3) It has the potential to grow up to 1890. 4) Preliminary pullback to the support...

AndeWave

Gold is breaking out and the price is renewing its 7-month highs. Gold moves into a new bullish range. 1) Gold breaks through the 1869 level, which has become support. 2) The price enters a new range of 1870-1890. 3) This range is in a volume profile vacuum. There is no resistance to price movement 4) The price may go into the 1890-1911 range very quickly 5) The...

AndeWave

Gold is drawing a reversal pattern on a strong rising trend. Will the price fall below strong supports? 1) Head and shoulders - reversal pattern is formed 2) The basic level is 1824, the price may either break it or bounce back. 3) We skip the initial price reaction. We wait for confirmation. Buy: If the price tests 1824, makes a false-break and consolidates...